Biden to Announce Tighter Fuel-Efficiency Standards for Automakers Just 3 Months After Previous Proposal
The Biden administration is set to present a new proposal that will mandate automakers to raise the average fuel economy of their vehicles, as reported by Bloomberg, which cited people familiar with the matter. The proposal, expected to be disclosed by the National Highway Traffic Safety Administration, will apply to model years 2027 and beyond. […]
New Report Says Elon Musk Ordered to Rig Teslas To Overstate Range Projections When Fully Charged
In a special report, Reuters reveals that Tesla (Nasdaq: TSLA) allegedly engaged in manipulating its vehicles’ range estimates to enhance marketing appeal and boost sales. According to sources familiar with the matter, Tesla began the practice around a decade ago by deploying algorithms in the range meter software of its vehicles to display optimistic projections […]
Crypto Influencer Found Dead, Dismembered In Argentina
The dismembered remains of 41-year-old crypto influencer Fernando Pérez Algaba were found by children in Ingeniero Budge, Buenos Aires, leading to a murder investigation, as reported by The New York Post. Algaba, known on Instagram for flaunting his lavish lifestyle funded by crypto investments, was reported missing on July 18. Five days later, children playing […]
Keystone Pipeline Developer To Spin Off Oil Pipeline Business
TC Energy Corp. (TSX: TRP) announced on Thursday its decision to split into two separate companies, effectively spinning off its liquids pipelines business from its natural gas and low-carbon energy operations. The Calgary-based firm unveiled this strategic plan late on Thursday, marking a significant shift in its corporate structure. The decision to divide its operations […]
GameStop CFO Resigns After 12 Months On The Job
GameStop Corp (NYSE: GME) is about to go through another management change. The firm revealed last night that Diana Saadeh-Jajeh has stepped down from the role of chief financial officer with the company. Saadeh-Jajeh reportedly put in her notice of departure on July 21, with the company only making the departure public on July 27 […]
China’s Youth Unemployment Rate May Actually Be As High As Nearly 50%
An article by a Chinese professor claiming that China’s youth unemployment rate for March could actually be as high as nearly 50% was removed just a few days after it was published, reviving the debate about the way the country reports its official statistics and further emphasizing China’s weakening labor market. In the article, Peking […]
What Happened to the New Tesla Roadster?
The highly anticipated return of the Tesla Roadster has been marked by a series of delays and setbacks, leaving automotive enthusiasts eagerly awaiting its arrival. With a storied history dating back to its initial production run between 2008 and 2012, the Roadster holds a special place in the electric vehicle (EV) industry as Tesla’s first-ever […]
No Overheating Phones, Flying Trains? Korean Scientists Claim First-Ever Room-Temperature Ambient-Pressure Superconductor
In a groundbreaking announcement, a team of South Korean scientists has reportedly achieved a major milestone in the world of science and technology by successfully developing a room-temperature ambient-pressure superconductor. This remarkable advancement, if confirmed, could revolutionize the way electricity is transmitted and utilized in various applications. Unlike traditional superconductors that require extreme cooling, this […]
Is Hungary Going to Leave the EU?
Hungary may soon be joining the UK on the sidelines outside of the EU, as probability of the country exiting the 27-nation bloc grows. According to Hungarian National Bank former governor Andras Simor, Hungary’s potential exit from the European Union could become a likely scenario. Speaking on the country’s national ATV network which was later […]
Anheuser-Busch InBev Trims US Staff Amid Controversial Bud Light Campaign
In the wake of declining Bud Light sales, Anheuser-Busch InBev (NYSE: BUD) has announced substantial layoffs across its US offices. The company, also known for brands like Budweiser and Michelob Ultra, confirmed that less than 2% of its approximately 18,000 US workforce would be affected, sparing its brewery and warehouse staff. “While we never take […]